[Form 4] LENNAR CORP /NEW/ Insider Trading Activity

Lennar Corp director Amy Banse reported a routine equity compensation update.

Rhea-AI Filing Summary

Lennar Corp director Amy Banse reported a routine equity compensation update. She acquired 12 restricted stock units (RSUs) of Class A common stock at a reference price of $94.45 per share, issued in respect of her unvested annual RSU grant due to a dividend on Lennar’s common stock with a record date of April 22, 2026.

These dividend-equivalent RSUs will vest at the same time as the related annual RSU grant. After this award, Banse directly holds 16,948 Class A shares, and a trust for the benefit of her child holds 165 additional shares with her serving as trustee.

Insider Trade Summary

Grant/Award: 12 shares

Grant/Award 2 txns

Insider Banse Amy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	12	$94.45	$1K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 16,948 shares (Direct); Class A Common Stock — 165 shares (Indirect, By Trust)

Footnotes (3)

1. F1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.
2. F2. Represents the closing price per share of Issuer's common stock as of the record date.
3. F3. These shares are held in a trust, of which the reporting person is the trustee, for the benefit of the reporting person's child.

Key Figures

RSUs granted: 12 RSUs Reference share price: $94.45 per share Direct holdings after grant: 16,948 shares +2 more

5 metrics

RSUs granted 12 RSUs Dividend-equivalent award on unvested annual RSU grant

Reference share price $94.45 per share Closing price on April 22, 2026 dividend record date

Direct holdings after grant 16,948 shares Class A Common Stock held directly by Amy Banse

Trust-held shares 165 shares Held in trust for reporting person’s child

Dividend record date April 22, 2026 Record date for dividend that generated RSU equivalents

Key Terms

restricted stock units, outside directors' compensation program, record date, closing price per share, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

outside directors' compensation program financial

"in accordance with the Issuer's outside directors' compensation program"

record date financial

"as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

closing price per share financial

"Represents the closing price per share of Issuer's common stock as of the record date."

trust financial

"These shares are held in a trust, of which the reporting person is the trustee"

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 06:07 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Banse Amy

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [ LEN, LEN.B ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/22/2026		A		12(1)	A	$94.45(2)	16,948	D
Class A Common Stock								165	I	By Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.

2. Represents the closing price per share of Issuer's common stock as of the record date.

3. These shares are held in a trust, of which the reporting person is the trustee, for the benefit of the reporting person's child.

	/s/ Mark Liberman as attorney-in-fact for Amy Banse	04/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)